DSIJ Mindshare

The shares of the company have gained about 45 per cent in the last six months.

In both its quarterly and annual results, the company reported positive numbers. In the financial year 2024, the company order book stands at over Rs 2,600 crore orders including the above order.

The stock's low price-to-earnings (PE) ratio of 4.5x adds another layer of intrigue. A low PE ratio often suggests that the stock might be trading at a discount relative to its earnings potential.

Torrent Power, with a turnover of Rs 25,694 crore (approx. USD 3 billion) is the integrated power utility of the diversified Torrent Group with group revenues of Rs 37,600 crore (approx. USD 4.5 billion) and a market cap of Rs 1,00,000 crore (approx. USD 12 billion). It is one of the largest power companies in India with a presence across the entire power value chain of generation, transmission, and distribution.

Shares of the company grew by more than 40 per cent in the last six months.